Republican senators plan to unveil a draft of their health care bill Thursday that would dramatically overhaul Medicaid by providing a fixed amount of money per person instead of open-ended payments, according to a report.

The bill would also end the individual mandate under ObamaCare and defund Planned Parenthood for at least one year.

Politico reported that as of Wednesday night, the Senate measure includes a drastic change to Medicaid, the massive health care program for the poor.

Instead of an open-ended amount, Medicaid funds would be allocated at a specific amount per recipient — a severe jolt to high-spending Medicaid states like New York.

The bill would also allow states to opt out of certain insurance requirements, but they’d still have to accept every person seeking insurance.

Insurers would be required to sell policies to people with pre-existing conditions and could not charge sick people higher premiums than healthy people.

Unlike the House, the Senate bill would provide health care tax credits linked to people’s incomes, not their ages.

As a way to curb taxpayer-subsidized abortions, the bill will propose to kick Planned Parenthood out of the Medicaid program for at least a year.

And the bill is expected to repeal ObamaCare’s taxes, but how soon remains uncertain.

President Trump campaigned on a promise to repeal ObamaCare, the 2010 law that extended insurance coverage to millions of Americans through both subsidized private insurance and an expansion of Medicaid.